Shares of DSW Inc. (NYSE:DSW) have earned a consensus rating of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.13.
Several brokerages recently weighed in on DSW. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price on shares of DSW in a report on Monday, August 28th. Citigroup Inc. raised their target price on shares of DSW from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Jefferies Group LLC set a $20.00 target price on shares of DSW and gave the company a “hold” rating in a report on Wednesday, August 23rd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $21.00 target price on shares of DSW in a report on Thursday, August 24th. Finally, Buckingham Research set a $18.00 target price on shares of DSW and gave the company a “hold” rating in a report on Tuesday, August 22nd.
In other news, Director Harvey L. Sonnenberg sold 8,439 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total transaction of $151,902.00. Following the transaction, the director now directly owns 12,242 shares in the company, valued at $220,356. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joanne Zaiac sold 4,219 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total transaction of $75,182.58. Following the transaction, the director now owns 4,313 shares in the company, valued at $76,857.66. The disclosure for this sale can be found here. Insiders sold 120,476 shares of company stock worth $2,356,471 over the last quarter. 20.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of DSW by 42,735.5% during the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock worth $172,606,000 after acquiring an additional 8,327,020 shares during the last quarter. FMR LLC grew its position in shares of DSW by 9.3% during the second quarter. FMR LLC now owns 6,291,973 shares of the company’s stock worth $111,368,000 after acquiring an additional 533,713 shares during the last quarter. Vanguard Group Inc. grew its position in shares of DSW by 5.1% during the second quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock worth $107,644,000 after acquiring an additional 297,463 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of DSW by 41.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock worth $105,753,000 after acquiring an additional 1,748,831 shares during the last quarter. Finally, Frontier Capital Management Co. LLC grew its position in shares of DSW by 110.6% during the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock worth $49,809,000 after acquiring an additional 1,264,730 shares during the last quarter. Institutional investors and hedge funds own 85.55% of the company’s stock.
Shares of DSW (NYSE DSW) traded down 0.10% on Friday, hitting $20.17. 1,428,055 shares of the stock were exchanged. The company’s 50 day moving average is $18.41 and its 200-day moving average is $18.62. The stock has a market cap of $1.62 billion, a PE ratio of 13.52 and a beta of 0.80. DSW has a 52-week low of $15.14 and a 52-week high of $25.96.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The business had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. DSW had a net margin of 4.41% and a return on equity of 12.12%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Analysts predict that DSW will post $1.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 annualized dividend and a yield of 3.97%. DSW’s dividend payout ratio is currently 54.05%.
DSW declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
Receive News & Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related companies with MarketBeat.com's FREE daily email newsletter.